SMTC(SH:600822) Xin Lang Cai Jing·2025-10-30 10:06Core Viewpoint - Shanghai Material Trade Co., Ltd. reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its business operations [1][2]. Financial Performance - The company's revenue for the first three quarters was 1.332 billion yuan, a year-on-year decrease of 63.73% [1]. - The net profit attributable to shareholders was 19.73 million yuan, down 56.91% year-on-year [1]. - The net profit after deducting non-recurring items was 726,200 yuan, a decline of 95.00% year-on-year [1]. - Basic earnings per share stood at 0.04 yuan [1]. Profitability Metrics - The gross profit margin for the first three quarters was 14.28%, an increase of 8.21 percentage points year-on-year [2]. - The net profit margin was 1.31%, up 0.25 percentage points compared to the same period last year [2]. - In Q3 2025, the gross profit margin was 13.23%, showing a year-on-year increase of 7.41 percentage points but a quarter-on-quarter decrease of 2.40 percentage points [2]. - The net profit margin for Q3 was 1.21%, down 0.13 percentage points year-on-year and down 0.59 percentage points quarter-on-quarter [2]. Expense Management - Total operating expenses for the period were 179 million yuan, a decrease of 32.27 million yuan year-on-year [2]. - The expense ratio was 13.47%, an increase of 7.71 percentage points compared to the same period last year [2]. - Sales expenses decreased by 20.57%, management expenses decreased by 6.16%, and financial expenses saw a significant reduction of 109.05% [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 50,100, an increase of 7,403 shareholders or 17.33% from the end of the previous half [2]. - The average market value per shareholder decreased from 115,600 yuan at the end of the previous half to 109,700 yuan, a decline of 5.09% [2]. Company Overview - Shanghai Material Trade Co., Ltd. is located at 2550 Zhongshan North Road, Putuo District, Shanghai, and was established on September 16, 1994 [3]. - The company was listed on February 4, 1994, and its main business includes wholesale and retail of automotive trade and chemical production materials [3]. - The revenue composition is as follows: 78.48% from product sales, 16.71% from services, and 4.81% from leasing [3]. - The company belongs to the automotive service industry and is associated with several concept sectors, including small-cap, express delivery, smart logistics, data elements, and free trade ports [3].